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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (7625)	1/22/2001 5:30:37 PM
From: Jibacoa	Read Replies (1) of 13094

JIM: Here is the news at 10AM that reversed WAC's previous early morning dip: NEW YORK (Reuters) - Calvin Klein and Warnaco Group's (NYSE:WAC - news) chief executive Linda Wachner settled their bitter trademark dispute on Monday with a kiss in federal court minutes before a jury was to be picked in their battle over the sale of designer jeans to discount warehouse clubs. The cordial exchange between the high-powered fashion figures not only signaled an end to the nasty war between the two, but breathed new life into Warnaco that could have been gravely hurt if their licensing agreements had ended. Calvin Klein jeans account for about one-third of Warnaco's revenue. Warnaco's shares surged up 1-1/2, or 60 percent, to close at $4 on the New York Stock Exchange trading. The stock has fallen as low as $1-1/4 from a high of $12-9/16 in the past 52 weeks. Bernard

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